Oil & Gas News
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BP Starts Production From Raven Second Development Phase
The new wells are expected to produce approximately 220 billion cubic feet (bcf) of gas and 7 million barrels (mmbbl) of condensate.
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US Apache to begin drilling in Egypt's Western Desert
The Egyptian government is working to increase the quantities of natural gas available, in order to meet the country's needs.
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Arcius Eyes Expanding its Business in Egypt
They discussed the company’s activities in its concession areas in Egypt and the investment opportunities available in the gas sector.
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Egypt's Private Non-Oil Sector Records Best Performance Since 2020
The jump in Egypt’s Global Purchasing Manager’s Index also marks the first signs of growth since August, according to S&P.
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Turkey to supply Egypt with large amount of gas
Egypt is preparing to receive the Turkish gasification ship Botas in June, to provide the market with supplies of up to 500 million cubic feet of gas.
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How did Egypt manage to save $900million in 10 months?
Egypt’s ability to save $900 million in under a year showcases the effectiveness of Egypt's reforms.
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Egypt’s GUPCO Confirms New Oil Discovery in Gulf of Suez
GUPCO will complete the development of the discovery by drilling two additional wells, which will contribute to adding over 5,000 barrels.
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Pre-drilling estimates in Gulf of Suez indicate 8 mln barrels of crude oil reserves
The petroleum ministry anticipates that production volumes may exceed this estimate.
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Saipem drillship arrives in Egypt to work on Eni’s giant gas field
The Italian firm classifies the field as a supergiant, containing 480 million barrels of oil equivalent (mmboe).
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Egypt amongst top 10 African countries with largest proven crude oil reserves
Egypt now ranks amongst the top 10 African countries with the largest proven crude oil reserves in 2025, according to the ‘Business Africa‘ platform.
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Egypt-Cyprus Talks Advance Plans for Cronos and Aphrodite Gas Fields
Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Cypriot Minister of Energy George Papanastasiou.
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New BP Wells Boost Gas Production in Egypt’s West Mediterranean Offshore
By boosting gas supplies to Egypt’s home market, Cairo can return its focus to developing an LNG export hub.
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Drilling rig for Zohr field to arrive in Egypt by end-January
Claudio Descalzi, CEO of the Italian energy company Eni, announced that the drilling rig for the Zohr gas field is expected to arrive in Egypt.
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Revival of Egyptian Anode Blocks Company Through MIH & BP Partnership
As part of the agreement, BP will invest $20 million in maintenance and achieving maximum production capacity.
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Petroleum Minister hands over Sisi’s invitation to Cypriot president to attend EGYPES
This came on Saturday 25/1/2025 during Christodoulides’ meeting with Badawy, who is on a current visit to Nicosia.
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Egypt oil and gas sector outlook 2025
The sector stands at a pivotal moment where strategic decisions will determine Egypt's role as a regional energy powerhouse in the coming years.
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Egypt Boosts Oil, Gas Production to 1.4 mmboe/d
Production rates have risen to 1.4 million barrels of oil equivalent per day (mmboe/d) through the drilling of 105 new wells.
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Eni to Resume Zohr Gas Field Operations by January 2025
Over the past six months, 105 new oil wells have been drilled, adding 64,000 barrels per day to production, Madbouly added.
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10 fascinating facts about Egypt and Eni’s $150M LNG terminal plans
With energy demand rising and domestic production declining, the project reflects Egypt’s evolving strategy to secure its energy future.
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ExxonMobil Strikes Natural Gas in Egypt’s Mediterranean Waters
Exxon announced its entry into the North Marakia block in 2019 and sold a 40% stake to QatarEnergy in 2022.